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Steven Spielberg will be directing the upcoming movie The BFG and it was just announced that Walt Disney Studios will be releasing the film!

This is the first time that the 68-year-old director will be directing a Disney-branded movie.

“In more than 40 years of making movies, I have been on the producing end of a number of films for The Walt Disney Company, but never as a director,” Steven said in a statement. “It is a special joy to be in the director’s chair as we start The BFG, alongside my long-time friends and film collaborators Kathy Kennedy, who introduced me to this project, Frank Marshall and Melissa Mathison. Together with them and Disney, there are many reasons why I am so excited about this joint venture.”